European Exchange Rate Mechanism

ERM IIExchange Rate MechanismERMERM-IIERM2European Exchange Rate Mechanism IIexchange-rate mechanismentry to the ERMERM II Member StatesERMII
The European Exchange Rate Mechanism (ERM) was a system introduced by the European Economic Community on 13 March 1979, as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe, in preparation for Economic and Monetary Union and the introduction of a single currency, the euro, which took place on 1 January 1999.wikipedia
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